APP7203

Course

APP7203

Course Title

Market Analysis and Highest and Best Use

Description

Students will gain the tools needed to properly collect and analyze market data and determine a property's highest and best use. This course meets the pre-qualifying criteria, as established by the North Carolina Appraisal Board. Those seeking to become a Registered Trainee must complete APP 7201 and APP 7202 prior to taking this course.

Objectives

Upon completion of this course students will be able to demonstrate a basic knowledge of market fundamentals and market analysis, demonstrate a basic understanding of supply side analysis and demand side analysis, gain a general understanding of highest and best use and gain a general understanding of how to consider, test, and apply highest and best use.

Content

Introduction and Overview: Chapter 1 - Market Analysis

Defining the Market: Chapter 2

Analyzing the Market: Chapter 3

Drawing Conclusions from the Market: Chapter 4

Highest and Best Use: Chapter 5

Land Use Restrictions: Chapter 6

Economic Considerations: Chapter 7

Final Highest and Best Use Analysis: Chapter 8

Prerequisites

Basic Appraisal Procedures

Method of Instruction

Lecture

Evaluation

Final Exam & Attendance Requirement: Students must make a grade of 80% or above on the Final Exam and attend 90% of the class to satisfactorily complete the course.